Hypebot’s New Music Business Briefing For Friday January 26th, 2007
>>> Internet radio listenership is booming up 22% over last year to 59 million distinct listeners in December 2006 (pdf of JP Morgan report)
>>> CD sales may be down but musical instrument sales are way up. (LA Times) Is it because you can’t download a guitar via P2P or do most people just not like what they hear on the radio and think they can do it better?
>>> Live music giant Live Nation will provide concert info to Last.FM. The direct feed to Last.fm will give fans instant access to concert information, as well as links to purchase tickets. Its part of an overall move by Live Nation to reach out to music fans and by Last.FM to broaden its offerings. Smart pairing.
>>> FROM MIDEM: Video games are the new way to break bands according to Nile Rogers. (AFP)
>>> Just in case you missed it: Andy Slater is out and Jason Flom is in heading a combined US operation for Capital and Virgin for parent EMI Expect big layoffs (more from Hypebot)